‘Major new asset primitive’ – Chainlink bridges cbBTC to Monad

ambcryptoОпубліковано о 2026-03-03Востаннє оновлено о 2026-03-03

Анотація

Chainlink has integrated support for Coinbase Wrapped Bitcoin (cbBTC), enabling users on the Monad blockchain to bridge assets seamlessly with Base, an Ethereum Layer-2. With over $5 billion in circulation, cbBTC introduces significant liquidity to Monad’s growing DeFi ecosystem. The integration is powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which supports 77 chains and over 200 tokens, and has processed nearly $15 billion in cumulative transfer volume. Despite a recent decline in activity due to broader market conditions, CCIP has generated substantial fees, benefiting LINK token holders through its token accrual program. However, LINK’s price has been range-bound between $8 and $9.5, with muted institutional demand and limited ETF inflows hindering a strong rebound.

Chainlink has rolled out support for Coinbase wrapped Bitcoin (cbBTC), allowing users on Monad to seamlessly bridge assets with the Ethereum Layer-2 Base.

The cbBTC currently has over $5 billion in circulation, and Monad’s growing DeFi activity could benefit from such liquidity, according to Keone Hon, Co-Founder and General Manager of Monad Foundation.

Hon added,

“cbBTC adds a major new asset primitive for DeFi builders to design around. Through Chainlink CCIP, Monad developers can now bring Bitcoin-backed liquidity into fast, composable applications while maintaining cross-chain security as the ecosystem scales.”

Chainlink is one of the top oracle providers and has been punching above its weight in the sector, with most of the traction driven by its main bridge, the Cross-Chain Interoperability Protocol (CCIP).

But how big is CCIP, and does its adoption trickle down to Chainlink [LINK] holders?

CCIP adoption nears $15 billion

CCIP is now live across 77 chains and handles over 200 tokens. The protocol first debuted in 2023 and has since rolled out support to major blockchains and sidechains.

Over the period, it has handled nearly $15 billion in Cumulative Transfer Volume.

At the peak of October 2025, the bridge transferred nearly $2 billion in monthly volume.

Although traction declined in late 2025 amid the broader crypto market contraction, the bridge has remained a key lifeline for the oracle provider.

Notably, the bulk of CCIP activity increased in 2025, driving over $1.7 million in total fees for the protocol. And the primary beneficiaries are LINK token holders.

What’s next for LINK price?

Like most protocols, Chainlink also runs a token accrual program that buys LINK from the market and locks it. The fees generated by CCIP and other revenue streams fund the program, which boasted 2.3 million locked LINK as of press time.

On the price charts, however, LINK has been in lockstep with the broader bearish market sentiment. The altcoin has been consolidating tightly between $8 and $9.5 since February.

In fact, the institutional demand for the altcoin has also remained muted in 2026.

The U.S Spot LINK ETFs saw zero outflows but only $28 million in inflows in the past two months, further straining a strong rebound for the altcoin. If weak demand persists, LINK could be dragged to the lower range of $8.2.

Final Summary

Chainlink CCIP has rolled out support for Monad to enable seamless transfers of Coinbase wrapped Bitcoin (cbBTC) with Base.
CCIP activity has declined recently, but overall cumulative transfer volume neared $15 billion.

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Пов'язані питання

QWhat is the main announcement in the article regarding Chainlink and Monad?

AChainlink has rolled out support for Coinbase wrapped Bitcoin (cbBTC), allowing users on the Monad blockchain to seamlessly bridge these assets with the Ethereum Layer-2 network, Base.

QAccording to Keone Hon, what is the significance of cbBTC for the Monad ecosystem?

AKeone Hon stated that cbBTC adds a major new asset primitive for DeFi builders to design around, allowing Monad developers to bring Bitcoin-backed liquidity into fast, composable applications while maintaining cross-chain security.

QWhat is the total cumulative transfer volume handled by Chainlink's CCIP as mentioned in the article?

AChainlink's Cross-Chain Interoperability Protocol (CCIP) has handled nearly $15 billion in cumulative transfer volume.

QHow has the CCIP protocol's performance impacted LINK token holders?

AThe fees generated by CCIP and other revenue streams fund a token accrual program that buys and locks LINK from the market, benefiting holders. The program had locked 2.3 million LINK as of the time of the article.

QWhat is the current price sentiment and a key challenge for LINK's price rebound according to the article?

ALINK's price has been consolidating between $8 and $9.5 amid a broader bearish market sentiment. A key challenge for a strong rebound is muted institutional demand, with U.S. Spot LINK ETFs seeing only $28 million in inflows over the past two months.

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